AUDNZD testing resistance, potential rise on breakout!

2018年3月28日

AUDNZD is testing our first resistance at 1.0585 (horizontal pullback resistance) which coincides with our short term descending resistance line. If price breaks out of this level, a strong rally might occur pushing price up to our major resistance at 1.0627 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement, 61.8% 100% Fibonacci extension).

RSI (89) is testing its descending resistance line and a breakout of this level might be a good precursor of a potential rise in price.

Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.

2018年3月29日

交易結束：目標達成

That's why it's important to give your trading ideas enough breathing space :)